Bizjet Manufacturers Slam Political Climate, Call for Action

Bethany Whitfield

Monday, October 10, 2011 at 10:51 PM ET

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Key Takeaways:

Business aviation leaders at the NBAA convention strongly criticized the Obama Administration's focus on the industry, particularly its proposed user fees and changes to corporate aircraft depreciation rules.
Executives argued that these proposed measures, including a potential $100 per flight fee and depreciation over seven years instead of five, are creating market uncertainty, preventing sales, and hindering job growth.
Industry leaders, such as the CEOs of Hawker Beechcraft and Gulfstream, are advocating for political measures like long-term FAA funding to combat the uncertainty and counter what they deem "irresponsible" fiscal proposals.

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As business aviation leaders from around the world gathered in Las Vegas this week to kick off NBAA, one resounding theme echoed throughout the convention’s opening day: The Obama Administration’s relentless focus on bizav.

Several company executives took the opportunity to speak out against the administration’s suggestion that user fees and changes to corporate aircraft depreciation rules be implemented to help curb the country’s deficit.